Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
bitzizzix
on 11/12/2024, 15:29:11 UTC
For me I will say 4-6 years is not  enough for a person who who has the least target, according to how we have been discussing previously, the least investing period is 4-10years and at most 10-30years above.  
At least, I mentioned it, tried to explain it by saying that hold the investment for a minimum of four years (Next Halving) and he can extend his investment for a longer period if he wants, may be 10/20, even 30 years. It is possible for him. Long-term Bitcoin investment can take everyone to a higher peak of success.

This tweet is an example of how long-term Bitcoin investing can bring success to anyone; A person on Twitter has shared his 8 long years of experience in Bitcoin investing and the success he has gained from investing. He mentions that he invested $86,250 in Bitcoin, patiently held Bitcoin for a long time and now his Bitcoin investment portfolio has grown by +898.77%.

Twitter: https://x.com/regothetrader/status/1855234677491073122?t=rTOvOCYIo6Sj83e2t8py_A&s=19

Can't imagine if I can able to wait for 30 years investment since I don't know if I'm still alive at that time. What's suitable for me is 10 years time span for my Bitcoin investment since somehow I also want to enjoy the results of the efforts I made from my Bitcoin investment. This is also been recommended when it comes to the length of investment if we decide to hold our Bitcoin for long time.

But totally no question that holders always win when we talk about Bitcoin investment, We also need to pay attention on our priorities since doing excessive things may provably bring us bad results. Anyways that's one of good stories we can look forward and there's always good thing to happen to those people who's willing to wait.

I want to ask you that do you have any guarantee that you will be in profits in that 10 years? as for me I will say that there is no guarantee that you will be in profits in 10 years even if you will be but you have to know that there is no guarantee as to that regards one of the reasons why it is always advisable to project a long term investment for as long as necessary, perhaps there is also possibility that when it get to that 10 years you can also decide to keep holding even when you in profits, my point is that there is possibility of not being in profit at the time we might be planning to sell.
10 years is the target for most people in investing in any form and it does not mean that the target will be exactly 10 years and it is just a target that allows 10 years to be an ideal investment in terms of profit. And I think 10 years is a good choice if we invest in Bitcoin because we will go through two cycles that we know every cycle the price of Bitcoin always rises above the price of the previous cycle, and this is inevitable if we look at its track record. So 10 years is a good choice to get good profits and also very suitable for those who already have a family because it can be used for retirement security and this is very suitable for my age which is 40+ and it does not mean that after 10 years of utilizing Bitcoin investment I don't do it anymore, and as I said 10 years is a target and after that we can start again or just take profit and it all depends?